11 October 2010
I don't gate the recent amendment in Service Tax Act related to Exempts Persons Marketing the Lottery Tickets other than the distributors selling agents appointed or authorized by the lottery organizing state. Can you please explain what is meaning of this amendment?
12 October 2010
G.S.R. (E).- In exercise of the powers conferred by section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts persons marketing the lottery tickets (hereinafter referred to as ‘such person’), other than the distributors or selling agents appointed or authorised by the lottery organising State (hereinafter referred to as ‘such distributor or selling agent’), from the whole of service tax leviable thereon under section 66 of the Finance Act on the taxable service of marketing of lottery referred to in sub-clause (zzzzn) of clause (105) of section 65 of the Finance Act, if the optional composition scheme under sub-rule (7C) of rule 6 of Service Tax (2nd Amendment) Rules, 2010 dated 8th October 2010 is availed of by such distributor or selling agent, in respect of such lottery during the financial year:
Provided that if such person also markets lottery tickets for distributors or selling agents who have not so opted, then nothing contained in this notification shall apply to the value of service provided to the distributors or selling agents who have not so opted.
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